Satellite IoT Market worth $2.9 billion by 2027, growing at a CAGR of 21.9% Report by MarketsandMark

Sheetal2301 Dec, 2023Technology

The global Satellite Iot Market size is expected to grow from USD 1.1 billion in 2022 to USD 2.9 billion by 2027 at a Compound Annual Growth Rate (CAGR) of 21.9% during the forecast period, according to a new report by MarketsandMarkets?. The rapid adoption of advanced technologies like ML and AI has accelerated the growth in the satellite IoT market across the globe.